Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
SARAJEVO, June 4 (Xinhua) — The U.S. proposal to impose tariffs on EU goods signals a broader shift in its policies and could cause significant damage to transatlantic economic ties, Adnan Huskic, an analyst and associate professor at the Sarajevo School of Science and Technology, told Xinhua in a recent interview.
“This move reflects a simplistic approach to global trade and deep-rooted mistrust of Europe,” he said. “Such measures go beyond economics and demonstrate the continued abdication of the United States’ role in ensuring security on the European continent.”
Although Bosnia and Herzegovina is not a member of the European Union, Huskic noted, it remains closely linked to EU countries, especially Germany, its main export market. “Any economic downturn in Germany or the EU will have serious side effects for Bosnia and the entire Western Balkans,” he said.
A. Huskic also expressed concern about the fragmented response of the region to global changes. “The countries of the Western Balkans often act independently of each other and do not maintain strategic cooperation. Such fragmentation makes them vulnerable to global shocks, and ultimately they have to adapt to the dynamics created by the main players in this arena.”
The change in the US approach to global interaction has created uncertainty among its partners, said A. Huskic, adding that the new reality is the United States, characterized by an inconsistent and unpredictable policy.
“The rest of the world must stand firm in defense of free trade,” he added.
The expert also pointed to Europe’s lag in emerging technologies and the need for reform. According to him, the EU is currently lagging behind in artificial intelligence and other innovative areas, and its economic model is in dire need of change.
The EU must quickly reform and seek global partners with similar goals to become more autonomous and innovative, added A. Huskic. –0–